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Nonprofiteer
← VERO BEACH MUSEUM OF ART INC

Form 990 for tax year 2024

Filed by VERO BEACH MUSEUM OF ART INC.

Totals

Total revenue
$69,441,773
Total expenses
$9,581,094
Contributions and grants received
$67,097,804
Grants paid
$0
Program service revenue
$846,004
Investment income
$1,122,331
Other revenue
$375,634
Total assets, end of year
$109,565,806
Total liabilities, end of year
$2,450,940
Net assets or fund balances, end of year
$107,114,866
Program services expenses (Part IX)
$5,823,625
Management and general expenses
$1,566,107
Fundraising expenses
$2,191,362
Program service expenses (Part III)
$5,823,625

Program services were 60.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $2,374,379

  • 1c · Fundraising events

    $661,975

  • 1d · Related organizations

    $1,560,992

  • 1f · All other contributions, gifts and grants

    $62,500,458

  • 1g · Noncash contributions included above

    $12,523,235

  • 2a · Program service revenue: ART SCHOOL TUITION

    total $593,890 · related or exempt $593,890

  • 2b · Program service revenue: ADMISSIONS & FEES

    total $242,716 · related or exempt $242,716

  • 2c · Program service revenue: OTHER PROGRAM SERVICE

    total $9,398 · related or exempt $9,398

  • 3 · Investment income

    total $985,405 · excluded $985,405

  • 6a · Gross rents

    real property $18,485

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $18,485

  • 6d · Net rental income or loss

    total $18,485 · excluded $18,485

  • 7a · Gross sales of assets other than inventory

    securities $717,990

  • 7b · Less cost or other basis and sales expenses

    securities $581,064

  • 7c · Gain or loss

    securities $136,926

  • 7d · Net gain or loss

    total $136,926 · excluded $136,926

  • 8a · Fundraising events: gross income

    $442,299

  • 8a · Fundraising events: contributions included on line 1c

    $661,975

  • 8b · Fundraising events: direct expenses

    $120,958

  • 8c · Net income from fundraising events

    total $321,341 · excluded $321,341

  • 10a · Gross sales of inventory

    $231,449

  • 10b · Cost of goods sold

    $288,071

  • 10c · Net income from sales of inventory

    total -$56,622 · unrelated business -$56,622

  • 11a · Other revenue: CHANGE IN VALUE CRUT

    total $92,430 · excluded $92,430

  • 11e · Other revenue, total

    $92,430

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $504,316 · program services $131,250 · management and general $299,634 · fundraising $73,432

  • 7 · Other salaries and wages

    total $3,231,908 · program services $2,021,807 · management and general $342,785 · fundraising $867,316

  • 8 · Pension plan contributions

    total $33,698 · program services $17,576 · management and general $9,671 · fundraising $6,451

  • 11b · Fees: legal

    total $10,403 · management and general $10,403

  • 11c · Fees: accounting

    total $29,000 · management and general $29,000

  • 11e · Fees: professional fundraising services

    total $712,584 · fundraising $712,584

  • 11f · Fees: investment management

    total $12,040 · management and general $12,040

  • 11g · Fees: other

    total $508,045 · program services $168,292 · management and general $228,126 · fundraising $111,627

  • 12 · Advertising and promotion

    total $156,446 · program services $131,799 · management and general $24,547 · fundraising $100

  • 13 · Office expenses

    total $567,523 · program services $245,909 · management and general $130,347 · fundraising $191,267

  • 16 · Occupancy

    total $1,161,758 · program services $813,902 · management and general $346,301 · fundraising $1,555

  • 17 · Travel

    total $30,745 · program services $22,801 · management and general $3,410 · fundraising $4,534

  • 20 · Interest

    total $30 · management and general $30

  • 22 · Depreciation, depletion and amortization

    total $705,441 · program services $638,749 · management and general $55,995 · fundraising $10,697

  • 23 · Insurance

    total $15,964 · program services $15,964

  • 24a · Other expenses: ACQUISITION OF ART

    total $1,451,029 · program services $1,451,029

  • 24b · Other expenses: ENTERTAINMENT

    total $152,221 · program services $2,105 · management and general $26,142 · fundraising $123,974

  • 24c · Other expenses: HONORARIUM

    total $129,391 · program services $68,391 · fundraising $61,000

  • 24d · Other expenses: OTHER

    total $62,479 · program services $45,486 · management and general $6,546 · fundraising $10,447

  • 24e · All other expenses

    total $106,073 · program services $48,565 · management and general $41,130 · fundraising $16,378

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,319,275 · end of year $936,856

  • 2 · Savings and temporary cash investments

    beginning of year $4,113,612 · end of year $1,602,556

  • 3 · Pledges and grants receivable

    beginning of year $4,481

  • 8 · Inventories for sale or use

    beginning of year $41,316 · end of year $31,132

  • 9 · Prepaid expenses and deferred charges

    beginning of year $372,714 · end of year $318,873

  • 10a · Land, buildings and equipment: cost or other basis

    $34,584,201

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,897,201

  • 10c · Land, buildings and equipment, net

    beginning of year $18,448,763 · end of year $22,687,000

  • 11 · Investments: publicly traded securities

    beginning of year $4,296,520 · end of year $6,857,477

  • 15 · Other assets

    beginning of year $20,698,219 · end of year $77,131,912

  • 17 · Accounts payable and accrued expenses

    beginning of year $959,611 · end of year $1,326,416

  • 19 · Deferred revenue

    beginning of year $1,345,440 · end of year $1,124,524

  • 27 · Net assets without donor restrictions

    beginning of year $24,767,742 · end of year $32,719,007

  • 28 · Net assets with donor restrictions

    beginning of year $22,222,107 · end of year $74,395,859

Mission and programs · 2024

Mission

THE VERO BEACH MUSEUM OF ART PROVIDES CULTURAL LEADERSHIP AND ENRICHMENT FOR THE PUBLIC THROUGH A WIDE VARIETY OF EDUCATIONAL, STUDIO ART AND HUMANITIES PROGRAMS; A DIVERSITY OF QUALITY EXHIBITIONS; AND THE COLLECTION, PRESERVATION AND PRESENTATION OF IMPORTANT AMERICAN AND INTERNATIONAL WORKS OF ART.

  • EXHIBITIONS & COLLECTIONS - THE MUSEUM PROVIDES CULTURAL ENRICHMENT FOR THE PUBLIC THROUGH TEMPORARY ART EXHIBITIONS, EXPLORATION IN THE HUMANITIES, PROFESSIONAL STUDIO AND CLASSROOM INSTRUCTION FOR ALL AGES, AND A PERMANENT ART COLLECTION. NEW PROGRAMS, SUPPORTED BY MARKETING STRATEGIES TO REACH NEW AUDIENCES ARE CREATED TO ENCOURAGE INCREASED PARTICIPATION. EXHIBITIONS PRESENTED DURING 2024-2025 INCLUDED: PHOTOGRAPHS BY ROBERT LANDAU: ROCK N' ROLL BILLBOARDS ON THE SUNSET STRIP (ATTENDANCE 11,358); GLASS WORK BY JOHN MILLER: ROADSIDE REVERIE (ATTENDANCE 9,991); MONET TO MATISSE - FRENCH MODERNS (ATTENDANCE 36,002); ROBERT FARBER'S FASHION PHOTOGRAPHY - TIMELSS (ATTENDANCE 25,103); SELECTIONS FROM THE PERMANENT COLLECTION (ATTENDANCE 47,717); SCULPTURES FROM THE PERMANENT COLLECTION (ATTENDANCE 13,487).

    Expenses $4,146,566 · Revenue $252,114

  • EDUCATION - THE MUSEUM OFFERS VARIOUS EDUCATIONAL ACTIVITIES AND EVENTS TO THE GENERAL PUBLIC, INCLUDING ART CLASSES, FILM APPRECIATION CLASSES, LECTURES AND SEMINARS, PROGRAMS, WORKSHOPS, AND REFERENCE LIBRARY. DURING THE YEAR SEVERAL CLASSES AND WORKSHOPS WERE HELD, AS WELL AS A SUMMER ART CAMP, WITH TOTAL ENROLLMENT/ATTENDANCE OF 2,540. IN ADDITION, LECTURES, SEMINARS, OPERA STUDIES, AND FILM SERIES WERE HELD, WITH TOTAL ATTENDANCE OF 5,812. DURING THE YEAR VARIOUS SCHOOL PROGRAMS, ADULT PUBLIC PROGRAMS, AND COMMUNITY PARTNERSHIP OUTREACH PROGRAMS WERE HELD WITH A TOTAL ATTENDANCE OF 5,872 PARTICIPANTS. VARIOUS YOUTH AND FAMILY PROGRAMS WERE HELD WHICH INCLUDED HOLIDAY @ MUSEUM, CHILDREN'S ART FEST, KIDZ ARTSHOPS, AND TOURS WITH TOTAL ATTENDANCE OF 10,084 AND ARTZONE WITH AN ATTENDANCE OF 10,513.

    Expenses $1,677,059 · Revenue $593,890

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • G Constance McGlynn

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1
  • James C Penrose

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Michael Hoben

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Richard D Segal

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Vicki Aspbury

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • A Charles Baillie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bradley Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mary E Blair

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Russell Brewer II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lisa Bullock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sherry Ann Dayton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Nell Kleinschmidt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joyce Moss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Thomas L Piper III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Charlotte Stifel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Richard Frary

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mark Galant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Donald H Layton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • James D Marver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Cathy E Minehan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • James C Morphy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Donald Steiner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Harvery J Struthers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brady Roberts

    EXECUTIVE DIRECTOR

    Total calculated
    $346,157
    From this org
    $329,135
    From related orgs
    $0
    Other
    $17,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,135
    Bonus
    $0
    Other
    $0
    Deferred
    $10,500
    Nontaxable benefits
    $6,522
    Filer's total
    $346,157
  • Caridad Weber

    DIRECTOR OF FINANCE

    Total calculated
    $121,909
    From this org
    $111,545
    From related orgs
    $0
    Other
    $10,364
    Hours/week
    40
  • John Safranek

    CFO/COO

    Total calculated
    $41,367
    From this org
    $41,367
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2026
IRS schema version
2024v5.5
Source object
202611359349311031

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